Meaning Apportionment Rule
What does Apportionment Rule mean? Here you find 2 meanings of the word Apportionment Rule. You can also add a definition of Apportionment Rule yourself
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Apportionment RuleThe rule followed in a minority of states (California, Mississippi and Pennsylvania) that royalties that accrue under a lease on property that has been subdivided after the grant are to be shared by the owners of the property proportionately to their interest in the property. For example: If A leases to B Company and subsequently sells the east hal [..]
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Apportionment Rule The rule followed in a minority of states that royalties accruing under a lease on property that is subdivided after the lease grant are shared by the owners of the property proportionately to their [..]
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